Chair Powell met with the President at the White House to discuss various economic developments. The topics included growth, employment, and inflation.
During the meeting, Chair Powell refrained from sharing his expectations for monetary policy. He emphasized that future policy decisions will be based on incoming economic data and its implications for the economic outlook.
Chair Powell also stated that he and his colleagues on the Federal Open Market Committee (FOMC) will set monetary policy in accordance with legal requirements. Their aim is to support maximum employment and stable prices, making decisions grounded in careful, objective, and non-political analysis.
